COMMERCIAL.

New Zealand Herald, Volume XLIV, Issue 13487, 14 May 1907, Page 3

COMMERCIAL.

Nkw SEAi.%Ni> Herald Office, •' Monday evening. A] UTILE more briskness was shown in ' business on" the sharemarket to-day. In standards Northern Steams (paid \ up) sold at 18*, and closed with, sellers at 18s ■ 3d buyers at 17s ■ 9d.' In mining stocks Waihis changed hands from £9 7s 3d to £9 6s and more wore obtainable at £9 6s ' , 6d, with buyers at £9 5s 9d. Talismans .-' word bought from 32a.6d to 32s to 32s 3d, ' and closed with i further I inquiry at 32s 3d, Belters asking 32s 6d. ; Waiotahis sold at 25s v 6d to 25s 9d, ; with r further sellers at 25 3 '6d and '.buyers quoting 25s 3d. .Crowns made 6s lOd, closing with-sellers ; at 6s lOd, ' buyers at ,69. 9d. ; Waihi Extendeds were freely dealt 'in from 6s 3d {to '5s lid to 6s '•' to 5s lid, and more were wanted at 5s lid, sellers holding for 6s. Tairua Broken Hills ' found buyers at 3s 9d to 3s lOd to 3s-9d, and closed with sellers 3s. 10d,, buyers 3s 9d. Kuranui-Caledoriians were had at Is sd, moro being available at tho" same price, buyers offering Is 4d. New Monowais sold at Bd, late sellers 9d,' buyers 7d. New Saxons 'brought Is, late sellers' asking Is, buyers at • Watehmans "! sold at 3d, with late sellers, at 4d, buyers at 2|d. Old KapangaSiWere dealt in. at Is 4d to Is sd, there being further buyers at Is 4d, sellers at ls-6d.-. Kirikiris (contributing) made from 8d to 7d, closing with .sellers at 7d , and buyers at 6|d.:;.Komata Reefs found buyers ;at la !Bcf,: and -late buyers offered Is Bd, with sellers at Is 9d.< Now Waitekauns gold at 7id, lato sellers Bd, buyers 7d. ■ ■ -: AUCKLAND. STOCK EXCHANGE. /:|;!!'!./. Monday's closing prices are follow, the busi- -,•"• ness done —Northern Steam (paid up), 18s; ■ Waihi, £9 7s 3d, ;£9 7s, £9,7«, £9 6» 6d, £9 6s; . Talisman Consolidated, 32s 6d, 323 3d, 325, 32s 3d; Wiiiotabi, 25s 6d, 25s 9d; Crown, 6s lOd; ' Waihi Extended, ■ba 3d, 6s Id, 6a, 5s lid, 6s, 5s ; lid; Tairua Broken ! Hills, 3s 9d, ■3a lOd, 3s 9d; Kuranui-Calcdonian, Is sd; New Monowai, 8d; New £3'ioi, Is; Watchman, 3d, 3d; Old Kapanga, Is 4d, Is ; Kirikiri (contributing), Bd, Bd, 7d; •' . ' .Komata Reefs, Is 8d; • New Waitekauri, ' 7£d.

. G. A. Buttle. Chairman. 3.15 p.m., May 13, 1907. CALL AND DIVIDEND LIST. - Calls. ! Waibi Beach April 11 ... ... 0 0 1 Now New Saxon, April 16 < ... ...: 0 0 Oi Now .'. Kunraul, April 20 . ... ... 0 0 1 Now Old Kapanga, May 6 ... 0 0 1 May 16 { Now Bunker's Hill. April 23 ... 0 0 1 May 21 '.Thames, May 13 0 .0 1 May 22 New Dart, May 13 0 0 1 May 22 .Old Alburnia, May 13 0 0 1 June 10 WELLINGTON PRODUCE MARKETS. _tBT TELEGRAPH OWN COBEESPONDEITT.] Wellington, Monday. The excellent) tone of the market for the past few weeks has been again In evidence.' Choice '.■■'; •apples. from Auckland have advanced to 10s 6d and lOg 9d per case for dessert, whilst 6a to 8s , has ruled for prime quality. Cookers are worth ~lsto 5s per case for best. Passions are in fair demand at. 3a 6d to 4a 6d per , box. ' Lemons are i worth nominally from 3« to 4a per ease. Pears ' ore slightly weaker at 8a 6d to 3s 6d for choice dessert and stewing 53 ,to; (is per; case. 'Grapes bring Is per lb and tomatoes 2s 6d to 4s per box. Asparagus is in good demand at lOd to Is per bundle; Cape gooseberries, 4d per lb; French beans, 5s 6d to 7s 6d per half-sack; lettuce, 3s to 4s per Sin case; onions, ss. to 5s :6d per cwt; potatoes, 53 "to 5a 6d per cwt, with the, market • heavily supplied. .;■ Cauliflowers ■ are -in '.-: excellent . demand at 8s 6d to 10s per sack; cabbages, 6s to 7s per sack. Eggs: Fresh, 2s per dozen; preserved, Is Id. to Is 2d, ; with a good demand. ' . LONDON WOOL SALES/ • . . ~ By Telegraph.—Press Association.—Copyright. ' pf : i:-:: : \- :'■ -'-.., •' LONDON, May' 12. , - The market is very firm at latest rates, with very keen bidding. ; The following were the aver- ' .. age prices for the fleece portions of the clips named Paketoi, Hid ; Teviotdale, 131 d. To date 113,035 bales have been catalogued and 103,075 " 'Mid. - ■ i..j •-. : ., , - . ■ LONDON. . By Telegraph.— Press Association.—Copyright. y v Los-don, - May 12. •;■ Frozen meat: Medium Canterbury lambs, 5Jd ; , ■ , North Island, 5 M6d. New Zealand beef, 1801b to 2201b, fair average quality ox fores, 3^d ; hinds, 'old..River Plate fores, 3Jd; hinds, 3id.. ■ Hemp: The market is hardening. On spot, £34 10s. • ' l,M>its: Market weak.- Australian, lis 6d to ".[■:;': ■':!■..■>.■ 109 6d, ■..■'. ti L ,ea ' : Australian wheat cargoes have sold at 31« 7|d to 32s 6d. ' . Copper: On spot, £100 17s 6d; three months, £99 17s 6d/ . ■'•• ; Tin: Ou spot, £192 10a; three months, £187. Lead: Imports, 17,699 tons (Australian, 3922 i tog*);, exports, 5305 tons. .••-:-.".■ ~ I > Silver, 2s 6£d per ounce. > .■ :. '. l^pra: Market ■ unchanged. A . : - HIGH COMMISSIONER'S* MARKET CABLEGRAM. pjf;jp,:; [BY TELEGRAPH— PP.E3S ASSOCIATION - .] Wellington', Monday. ~' - '.The Department of Industries > and Commerce I "as received the following cablegram from the - a jEh Commissioner, '■ dated London, May 11:— The 'mutton market is quiet, but rather steadier. *««e is good local demand for light weights, ine average price for Canterbury: mutton is; 4d "id. for-North Island 3Jd-' ■ • • ' -.". 'The lamb market Is active, with good demand. wnterbury brand is quoted at sJid and;others at '■ ' •' 9JQ. • - .... ■~ -' , The beef market is steady and f fair, business is • aolng. Quotations are 3|d and 3*d for hind and 'wtquartere respectively. ; >;:*:;;;-'.> ;.-.:.. Hie butter market is steady and there is better jeiiwiid for choice quality New Zealand at 995. t "«aium quality is in large supply at unchanged 1 ~, ; ««3.' Danish butter is quoted at 105s and Si- [ ■; ,', WHan at 91s. ■•■ ■ /■'- r ■'■• • •'he cheese market is firm, with more inquiry, Mel market prospects are favourable. Good and v," nit .grade, on spot, is quoted at- £35 10a. May : .» 1 «iy shipinenta sold at £35 and fair grade, ;on \ W, at £31 10s. May. to July shipments are I ■ • Woted at £31. * I , '; i'' v The cocksfoot seed market is firm arid there I - *>" light i stocks on hand. Buyers are offering I ,'*.'l">r'S, re freely, and clean bright New Zealand seed, '• '!" i in ° the'bushel,, sells at 545. r ' .' r-'TvV'W wool market shows an improved demand. V. ' * n * recent decline in crossbreds has recovered. »i „ ine '"'lowing,were the arrivals from the River »late during April Mutton: London, 77,037 car- - '" J"*, 6 *; Liverpool, 138,249 i carcases; Manchester, l f <»'S"S/««tw; Hull, 21,107 carcases; Newcastle, II *"•»' ceases; Cardiff, 6936 carcases; Southamp- '." " J \. 725 ■■carcases; Ireland, 3294 ■; carcases; . Ply- . mouth, 1230 carcases. Lamb: . London, 7460 car- ,-> '" canes; Liverpool, 6737 carcases; Hull, 1489 carc; "**» ; Newcastle, 2020 carcases; Cardiff, 891. caroases; Southampton, 7 carcases; Ireland, 102 car- '

NEW ZEALAND PRODUCE IN LONDON [»BOM OUR OW.V COnKBSPOJnJBNT.] '."■■' -I ■ Loxdok, April 5. :/ WOOL. Regarding the second series of; colonial wool sales of the current year, which opened on March 12 and closed on March 26, the New Zealand Loan and Mercantile Agency 'Company note that the series occupied 13 sittings, with a daily average of 13,009 bales, as again 11,409 bales at the cor- . responding series last year. ; Messrs. Weddel' and Co. mention that of i the total: of 178,778 teles ' brought forward for the series of sales just over foreign '■', houses accounted for 65,500 bales, , the Home .trade for ; 101' bales, and the United States for some 10,000 bales, 2000 bales ; being passed m from day to day and carried over for the next series. ..The New ' Zealand :, Loan '.and Mercantile Agency Company sav that competition throughout the series was animated from all centres, America entering the lists for suitable lots of crossbred wool. Prices at the opening generally ruled _in ' sellers' ;■ favour, and •■• showed bub: little variation . until close. .;. ■ ,- :'/'/; ; ':■-//- : -. „ DAIRY PRODUCE. Writing to me to-day : Messrs. • Weddel- and Co. say that the market for New Zealand and Aust tralian butter has not yet quite recovered from : its Easier holiday aspect, -.althongh a good de- ! mand prevails for strictly choicest quality. ; A strong attack of sentiment is just now affecting many buyers, and,; •it must be .confessed, an equally strong epidemic of funk is to be found amongst holders. In a few days the atmosphere will clear and tho ; position solidify. The one dominant factor is ' this: Buyers arc without stocks and mast come on the market early next week to fill their requirements. The fact of, the Suevic's salvaged butter being on ; the market naturally: causes a depressed feeling, and somewhat affects the values of perfect goods, but this is not (sufficient to explain the bearish feeling that prevails. According to the Customs weekly returns the total amount of butter imported into ■"■ the United .Kingdom during the last five wee.ra is 18,645cwtJ less than the same period last year. For the last 13 ■ weeks the imports exceed those of the samo period in. 1906 by 12,066cwfc, but it must be remembered, however, in Comparing this year with last, that, the . population is lwif-a-million more, ; that trade is very much ; better, and that the price of butter since; January 1 has been on average considerably less than last year It is true that supplies/of New Zealand and Australian butter have been in excess of last year. For the last nine months this excess has totalled 4747 tons from Australia, while : from , New Zealand there is a slight deficit of 22 .tons. ..From Canada, the only other source from s which colonial butter is received, there is a shortage for the nine months of 6110 tons, and" Canada is now importing Australian butter owing to the short supplies in the Dominion. ■„,,,,. ' , Up to last week, the date of the latest report of the National Mortgage and Agency Company, the last vessel to arrive with, New Zealand butter was the Mamari with 37,700 boxes.' The ■ butter was landed in good order and met with a ready sale The quality of New, Zealand cheese at present on the market . is very fine and is giving general satisfaction. /:■/':://v ' . / ; '."; "■■- • ; GRAIN. ;,,..;,.-■ In their report for to-day's mail-Messrs. Weddel and Co. mention that stocks: of New Zealand wheat are depleted and prices are- nominal. Stocks of oate have become lighter during the past fortnight, and for the commoner sorts about 3d per quarter more money lias been secured. New Zealand descriptions continue firm and *in small supply. The market for peas .continues steady, New Zealand Maples being quoted at 34s to 40s per 5041b. . ! .'. ' : . . - , . . TALLOW.:/./;/,// . There has been a very quiet demand for tallow during the past two weeks, and, although only ft decline of 6d per cwt has so far been accented, Messrs. Weddel say. that values are quite nominal, and to sell any quantity a considerably larger reduction than this would have to be accented. No public sales were held this week owing to the holidays. ;? On c.i.f. terms business is quite at a standstill, but there have been very few offers ■: from the colonies, and these have been on the previous level. < '-• PELTS. According to the last .report: of the National Mortgage and Agency Company, supplies of pelts are now coming to hand in bigger volume, but the demand is fully equal to absorbing the consignments arriving. There is a good demand from Home and American tenners, i and prices remain quite firm. Well-grown, stout-substance sheep 1 pelts, suitable for splitting, are in special request. The new season's lamb % . pelts ■ are now beginning to reach this market, although" as yet in comparatively small supplies./ »--•.--> v ■ - MISCELLANEOUS. ;, •'.','-;; The' National : Mortgage .and Agency Company note that in the, absence of sales there -» not much to report in the, market for - rabbi tskins. About 1000 to 1200 bales are available for the :next auctions on the 18th 'and 19th inst. /-The market is firm at late rates. At the: last auctions business in hides was limited in Australian ■ produce to ! excess weights of kips and calfskins, which were not salable at sellers;, values Ordinary ox and cow hides were ■ no? offered-m_ the open ' market, the few imported- going direct to consumers. Forward offers have been rather more liberal,: but buyers still consider /quotations .too hieh. • At the ■, last auctions : of leather-; 188 : sides ! were offered, but nothing sold,; and prices.remain: nominally : unchanged. -Private sales have been ! very: limited and the tone, of the market has been quiet, 'sThe basil market .has tended rather in buyers*tfavour. ..The heaver, averages have sold relatively best. ' NEW. ZEAL AND MEAT. :■' "' Messrs. W. Weddel and Co. state that the [ arrivals of ■■ New Zealand mutton during > the : past .' two: weeks amount. to 135,000 carcases. ; The .increasing numbers •of j sheep now, coming to > band : have vhad;,ft depressing effect on /tha. market, and, although in the early part of the fortnight a better demand was noticeable, yet at,the close the heavier offerings, have had a prejudicial effect upon Values, arid tie inarkefc closes, if anything, a shade weaker than last recorded. /The grading of some of the best brands has not, been too well done, with'the result that importers have no, been able to realise top prices for the best.meat. /-Of lambs Messrs. Weddel report the arrival during the -, past / fortnight of,; &COO carcases from Australia, 241,000 carcases from New, Zealand, and 5000, carcases from, the 'Elver; Plate.. , Tins firm mentions that ' arrives from :. Australia are now falling off .and the ■ expansion ; in : the demand « going a long .way ; toward absorbing the natural increase in "receipts from New Zealand, so that the statistical position has materially improved. One of the main features.of. this market is the scarcity of medium, v and: heavy-weight -Canterbury lambs of Srtae quality, the'few available commanding a considerable -premium \ oyer prices .-, of light ■ weiehte, \ which, with - secondary light-weight; New Zealand*, are in plentiful supply. In . consequence of the scarcity ;of - the < above particular, weights buyers have 'been forced': on to corresponding weights of North : Wand < lambs, --.the,, quality /of which is, I anything, a trifle above the average,/ and fo? both Canterbury and /North.lsland te, scriptions of. these weights a rise of practically la per lb J" to be recorded, .Prime Canterbury sVronds are also firnjer in, sympathy with other weiehts. but there is very little change to record in quotations of secondary lambs, wß* periencing,. a very poor/ demand fat about late l ' a There :is hardly any. alteration to report the position of: the market for frozen beef. A little more inquiry was • noticeable weeto£go .and owing * to. shorter :, marketings of 'ore^ 4 "" 8 price! rose, only, however, further supplies became available. The value of hindquarters ha sremained : stationary. , :;

.' ; Sellers. - ; Buyers. £ 8. d. £ s. d. ;.";■.;•■•■ BANKS— National ... ; w * ... 5 10 0 5 8 9 ' INSURANCE— . ■■■■;■-■'. .:...;■ , New Zealand ... ... 4 10 0. 4.8 6 National ... ... ... ' — 17 0 . . South British ... ... 5 10 0 0 8 6 Standard ... ...•..."—: 13 0 - FINANCIAL— N.Z. and River Plate ... 1 9 9 19 0' . COAL— Hikurangi ..' — " 0 16 3 Nort. Coal, Ltd., 10a paid 0 16 9 0 16 0 T&upiri Mines, Ltd .... 10 0 0 19 3 lVestport 7 10 0 7 7 0 ' GAS— Auckland ... ... ... 14 17 0 14 14 ' 0 > Gisborne 2 16 0 2 14 6 Whongarei ... ■ ...... — • 1 12 6 "• Pahiatua — 15 6 SHIPPING— Northern, paid up ... 0 18 3 0 17 9 Northern, con. ... ... 0 8 3 0 8 1 • Devonport Steam Ferry... 1 15 0 1 14 0 TIMBER— Kauri, paid up ... 110 10 0 " Kauri, contributing ... 0 7 10 0 7 7 Leyland-O'Brien, Ltd. .... 2 5 0 240 Mountain Rimu, Ltd. ... — .. '. 10 6 ! ;$': Parker-Lamb, Limited ... M. 6 6 • — ; v"I!; MISCELLANEOUS— •;"-;■'.■ Hibberd'e- Syndicate, paid 12 0 — •• Auckland 7 Tramways Co.., • ..-, , pref.< ... ... ..I 13 6 13 3 ( ■ ■ ' ■' Auckland Tramways, ord, 14 9 1-4 0 .■■:•"•: D.8.C., Limited ... ...06706 3 Hill and Plummer, Ltd... 12 0 — Milne and Choyce, pref... 1 5 0 , ! 14 6 .,,. • Milne and Ohoyce, ord. ... 1,39, — *>■<"- ■■' V New Zealand Drug, £2 ... 2 11 0 — " ;.. N.Z. Portland Cement Co. 1 18..' 0 1 16 6 • New Zealand Paper Mills 15 6 14 9 Union Oil ■ ... ■ ■■- ... 10 6 — Wilson end Co., pref. .... — 1 8 0 Wilson' and Co., ord. ... , — 16 6.. Wilson and Co., new »•. : ■■•■■-■: sue, preference ... ! ... — ' 0"8 0 MINING— Bonanza, paid ... ... 0 0 9 0 0 5 ' Bonanza, con ... ... 0 0 6 , 0 0 3 , . . Kuranui ... ... ...006,— A , Kuranui-Caledonian "* "... 0 1 5 '-'• { : 0 14; i-0W- .■:■ New Dart ... -:..•.,.'.-..'.7 ... : , 0..-0-.8i';->. ;:■: .-i-'.-New May Queen ... .., '0. 210 0 2:8 New Moonataiari ... ... OiOllfc' 0 0 3£ New Monowai .... - ...00-9 007 '•'.. New Saxon-... ■ ... ... 0 10 0 0 Hi New Sylvia 0 0 6 0 0 4 • Old Albumia ... .... 0 2 ,#: — -I. - Southern j Queen .... —006 ;— ■• : ' : Ihaniea ... ' ... *.. ' 0 OS 0.0 7. .Victoria ... ... ... 0 0 10 0 0 6 ; Waiotahi ... ... ... 1 5 fa 1 5 3 .;',.-'. Waitinei ... ... — 0.2 5. .0 2 1 :'■<•• t-.t'.tf --' ■ ...«' — V 0"« * 3 ?4 j.TOta. * iwi - ->2 ?■'!*-* „ - . Old Kawtnga ... -..0 16 0 14 South' Kapanga ... ,-.-0 0 6 . • .— ! ■ Champion, ; paid up ...0-2 6 , — Champion, con. ... ..... 0 1 3 — Crown ... 0 6 10 0 6 9 Golden 'Belt., paid . ... "0 ... 0 : 10* 0 : 0 9 Xirikiri, contributing ... 0 0 7 0 0 6| Komata Reefs ...... 0 1 3 0 18 Maoriland, paid ....... 0 0 6 ■ — ",■ ■ Maoriland,: con. ... -■'... 0 0.4 •' — New Waitekauri ■... ... 0 0 8 0 0 7 Pride of » Waihi ... ... 0 0 9 — _ Rising '.Son .009 0 0 7 Tairua Broken Hills ... 0 3 10 ' 0;3«9 . Talisman Consolidated 1 ... 1 12 6 ...■; 1 12 . 3 Walhi ... ■ ... ... ' ... 9 6 6 "9 5_.9 Waihi Beach , •.;,... 0-0'91 ••.'—■■• Waihi Consolidated :. ... 0 1 7 , : , 0 15 Waihi Extended ..:.'... 0 6 0 '. '0 -5 11 Waihi Grand Junction ... 2 4.0,. 2 10 ,"■ . Maharahara Copper. Mines - — . ,0 9 6 II. ,L. NOAKE3, Secretary;: